REALTY : 5 Reasons to be Thankful for a Great Real Estate Developer

Real Estate Blog –A Great Real Estate Developer constantly has your interests, wants and needs in mind, and uncovers opportunities to find the house or the buyer of your dreams. Explore the 5 Reasons to be Great Real Estate Developers.

2016-01-31 19:31:00

It is a wonder how so many people think of ‘Real Estate Developers’ as someone who has it easy – you put in a few crores to buy a land and make a building, and then, fleece the clients to make manifold on their investment. They simply skip over the myriad details that go into this line of entrepreneurship – identifying land and buying it, putting together a team of architects, engineers and other construction workers, get all the necessary approvals for their project, financing deals at times, and finding a contractor to monitor the actual construction work. Here are the 5 reasons why you should feel grateful for finding real estate developer who is a real friend of his clients:

Layout Planning for Optimum Lifestyle Experience:

A real estate developer is the ‘producer’ and the ‘director’ rolled into one. It means they bear 100% risk associated with the project. If a project fails, everybody else in the team will still get their salary, wages and fee – but the developer will be the only one to suffer the loss. Naturally, with the great risk comes the great reward. There are many developers in the market who try to squeeze in more buildings on their project – just to earn a few extra bucks. A developer who keeps his promises and churns out societies with green areas, parking space and other facilities – just as advertised in company brochures – is an angel.

Home Loan Facilities:

If your developer is on the ‘approved list’ of major banks and state banks, it says a lot about reliability and reputation the market. Buying a home is a big investment. If the real estate developer is already approved by the bank, it becomes much easier to get home loans for the projects associated with the company.

Easy Payment Plans:

Buying a home is a long-term financial commitment for most people. There are so many things that can go wrong in the commitments you make to your developer. A good developer will hear out your problems and may even cut you some slack – if you have a genuine problem. Read the contract carefully and talk to your developer. A good one who has been in the market for long enough is likely to hear to your woes and find a way to provide you temporary relief.

Timely Completion and Delivery:

Have you heard horror stories of people who book a flat in an upcoming high-rise building and then, keep running from pillar to post to get their homes delivered? Paying rent and EMIs at the same time is not what most people plan for. Just dig into the past track record of your real estate developer to find out how reliable he is about delivering homes within the stated time. Also, read the contract closely to see what provisions a developer offers if there is delay in possession because of unforeseen circumstances.

Upkeep of Complete Projects after Sales:

Visit projects that have been completed by your developer 5 or 10 years ago. This will give you a good idea about the structural strength and finish quality you can expect, durability of fittings, and how dedicated the real estate developer is for the maintenance of completed projects. After-sales service of a developer is an important aspect you must never ignore.